GENERAL

New Year, New Hope for Automotive Industry

 |  Monday, 25 January 2021 09:59  |  Published in GENERAL

Entering 2021, the Malaysian automotive industry is still in for a tough year. Total industry  volume (TIV) was originally forecast by RHB Research to be at 580,000 units, which is still  below the pre-pandemic level of 604,287 sales units recorded in 2019, but certainly higher  than 2020’s circa 500,000 sales units (final figures expected to be announced by the  Malaysia Automotive Association by end Jan). 

A bulk of the forecasted recovery hinges on the recently announced extension of SST  exemption for Completely Knocked-Down (CKD) and Completely Build-Up (CBU) cars, from  the original deadline of 31 December 2020 to 30 June 2021. But the reimposition of  Movement Control Order (MCO) in many key market centres complicates matters. The  situation is still too fluid to make a reasonably strong forecast. 

Prioritizing High Value Business Workflows Accelerates Digital Transformation

 |  Monday, 25 January 2021 09:56  |  Published in GENERAL

Malaysia – January 20, 2021 – Kofax®, a leading supplier of Intelligent Automation software for digital workflow transformation, today announces Part 3 of its Intelligent Automation Benchmark Study, a Forrester Consulting thought-leadership paper commissioned by the company. As the global pandemic pushes organizations to accelerate digital transformation initiatives, business leaders increasingly must decide which automation projects to fund. According to the study, the guidance is clear: automating workflows with a “DNA” including document intelligence, process orchestration and connected systems yields the greatest return on investment. 

“Companies seeking to remain relevant and competitive in the digital economy are aggressively investing in low-code automation platforms to digitally transform internal operations and customer interactions,” says Chris Huff, Chief Strategy Officer at Kofax. “Industry winners will leverage automation with a focus on outcomes and experiences increasing organizational capacity, driving operational efficiency, empowering employees, and enhancing customer experiences.” 

A.S. Watson Group and Grab Announce Regional O+O Health and Beauty Partnership

 |  Monday, 25 January 2021 09:54  |  Published in GENERAL

MALAYSIA, 19 January 2020 - A.S. Watson Group, the world’s largest international health and beauty retailer, and Grab, Southeast Asia’s leading super app, today announced the largest O+O (online and offline) health and beauty partnership in Southeast Asia, spanning across six Southeast Asian markets and involving over 2,200 Watsons stores.

Grab and A.S. Watson Group will collaborate across multiple services starting with GrabExpress, GrabMart and GrabPay to significantly expand Watsons’ online reach in Southeast Asia. The new partnership means that customers will be able to conveniently access their favourite health and beauty products from an extensive network of Watsons stores via Grab in Singapore, Indonesia, Malaysia, Thailand, Vietnam, and the Philippines.


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